Funding you earn now, next payment 22:00 UTC−0.0485%/8h= −53.1% APRnext payment −$0.61 per $10,000 · paid last 24h −0.029%
Price spread now: Injective against SoDEX−0.211%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.211% cheaper against SoDEX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6516 | 0.0100 | pay 0.0013% / 1h | 47m 23s | $22K | $3K | 5x |
| Short | Injective MORPHO/USDC PERP | 2.6460 | −0.0385 | pay 0.0048% / 1h | 47m 23s | $37 | $161K | 5.5x |
SoDEX MORPHO-USD
Injective MORPHO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$101.78
- Price spread: −0.211% → 0.000%
- −$21.12
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$130.92
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SoDEX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
SoDEX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2057% | 1h | 2.6504 | −0.047% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1518% | 1h | 2.6535 | +0.072% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1216% | 1h | 2.6500 | −0.060% | $871 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0614% | 4h | 2.6485 | −0.117% | $29K | $162K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0612% | 1h | 2.6532 | +0.060% | $25K | $1.9M | 5x | as long as short |
| Injective MORPHO/USDC PERPshort | −0.0385% | 1h | 2.6460 | −0.211% | $37 | $161K | 5.5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6527 | +0.041% | $76K | $46K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0202% | 4h | 2.6530 | +0.053% | $8.6M | $10.1M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6494 | −0.083% | $651K | $216K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0192% | 4h | 2.6533 | +0.064% | $760K | $522K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0190% | 4h | 2.6525 | +0.034% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6530 | +0.053% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6529 | +0.049% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6561 | +0.171% | $316K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6549 | +0.124% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6575 | +0.224% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6546 | +0.113% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6521 | +0.020% | $16.3M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6546 | +0.113% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6517 | +0.004% | $5.3M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6541 | +0.094% | $622K | $272K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6519 | +0.011% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6526 | +0.038% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6630 | +0.430% | $647K | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6516 | long leg | $22K | $3K | 5x | |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6519 | +0.011% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6559 | +0.162% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]